"Vodafone needs a dancing partner and TPG needs scale. "TPG has the capability and commercial incentive to resolve the technical and commercial challenges it is facing. "TPG did not mention the network in a statement, which said the merger would improve competition. Vodafone Hutchison Australia said it remains committed to the deal.The firms agreed to extend the deadline for implementing the merger until August 31, 2020. "It is extremely difficult for us to understand this decision," Vodafone Hutchison Australia Chief Executive Officer Inaki Berroeta said on a conference call with journalists.

Source: Economic Times May 08, 2019 13:30 UTC